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New home sales up 114% in Feb, amid virus outbreak

Even with the Covid-19 pandemic outbreak, homebuyers still came out in full force to buy new launches defying naysayers about the weak sentiment. It was the competitively priced projects that are attracting the buyers. This also shows that despite the looming global recession, buyers are still confident of Singapore’s real estate market as a good hedge against any kind of recession.

Penrose is a condominium that fits all the requirements. It is expected to be competitively priced and located in the mature estate of Aljunied and inside Rest of Central Region (RCR). It is expected to sell away and attract alot of interest.

Source: https://www.straitstimes.com/business/property/new-home-sales-up-114-in-feb-amid-virus-outbreak

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